engleski

Accounting and Legal Aspects of Tax Evasion

From scientific and professional point of view, tax evasion is multidisciplinary problem that significantly deprives countries of budgetary resources. Preventive action to reduce its incidence has crossed national borders and, in modern times, concerted efforts are being taken to combat it at supranational and global level. It is considered to be the most intense activity aimed at reducing tax liability, given that it involves unlawful acts which imply criminal liability. Unlike tax avoidance which is based on more sophisticated activities of exploiting legal loopholes, tax evasion transactions are generally less complex. In context of companies’ business activities, the field of tax evasion is intrinsically interrelated to manipulations in accounting records. Therefore, in addition to the conceptual definition of tax evasion, its modalities and the relevant legal regulations that seek to discourage it, this paper will also provide an overview of accounting manipulations that are in function of tax evasion.

accounting manipulation ; criminal law ; financial statement fraud ; tax evasion

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